June 28, 2019
As markets observers are preparing for the upcoming OPEC meeting in Vienna, Austria, Rystad Energy's key analysts are pleased to share some of their insights with our readers.
The Organization of the Petroleum Exporting Countries (OPEC) plus Russia and several other supportive producers, known as OPEC+, have an agreement to cut their combined oil production that will expire at the end of this month. Talks on whether to extend the cuts are slated for 1-2 July in Vienna.
Click here to see the main take aways from the opening speech of our founder and CEO, Jarand Rystad, that he presented to OPEC Secretary General Mohammed Barkindo and other notabilities at OPEC's headquarters earlier this month.
In this video chief oil analyst Bjørnar Tonhaugen gives his assessment ahead of the crucial meeting. As reported by Houston Chronicle, Tonhaugen does not believe there will be room for OPEC to increase their output this year. Click here to access a recent client webinar where Tonhaugen and senior analyst Christopher Page dived deeper into the topic.
Adding to OPEC's difficulties is the nervous sentiment in energy markets thanks to increasing US-Iran tensions. Per Magnus Nysveen, senior partner and head of analysis at Rystad Energy, discusses the situation with Bloomberg TV's David Westin and Alix Steel on "Bloomberg Daybreak: Americas."
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About Rystad Energy
Rystad Energy is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to the global energy industry. Our products and services cover energy fundamentals and the global and regional upstream, oilfield services and renewable energy industries, tailored to analysts, managers and executives alike. Rystad Energy is headquartered in Oslo, Norway with offices in London, New York, Houston, Stavanger, Aberdeen, Moscow, Rio de Janeiro, Singapore, Bangalore, Tokyo, Sydney and Dubai.